Posts

• The Effectiveness of Official Foreign Exchange Intervention in a Small Open Economy: The Case of the Canadian Dollar

  Staff Working Paper 2005-21 Rasmus Fatum, Michael R. King

  The Bank of Canada is one of very few central banks that has made records of the intraday timing of its intervention operations available to researchers.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Financial markets JEL Code(s): E, E5, E58, F, F3, F31, G, G1, G14, G15

• La fonction de production et les données canadiennes

  Staff Working Paper 2005-20 Patrick Perrier

  This study has two aspects. First, the author examines the theoretical properties of the constant elasticity of substitution (CES) production function and the implications of this formulation for the properties of a structural macroeconomic model.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models JEL Code(s): D, D2, D24, E, E2, E23, O, O4, O40

• Bank Failures and Bank Fundamentals: A Comparative Analysis of Latin America and East Asia during the Nineties using Bank-Level Data

  Staff Working Paper 2005-19 Marco Arena

  The author develops the first comparative empirical study of bank failures during the nineties between East Asia and Latin America using bank-level data, in order to address the following two questions: (i) To what extent did individual bank conditions explain bank failures? (ii) Did mainly the weakest banks, in terms of their fundamentals, fail in the crisis countries?

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions JEL Code(s): G, G2, N, N2
• June 28, 2005

  Governor Dodge Discusses Policies to Help Resolve Global Imbalances

  Media Relations London, United Kingdom

  Bank of Canada Governor David Dodge today spoke about the policies that governments around the world need to adopt in order to bring about an orderly resolution to global economic imbalances.

  Content Type(s): Press, Press releases
• June 28, 2005

  The International Monetary Order and the Canadian Economy

  Remarks David Dodge Canada-U.K. Chamber of Commerce London, United Kingdom

  As business people with ties to Canada and the United Kingdom, you are keenly interested in the economic prospects of both countries. When we look closely at our economies, it is striking how much they have in common in terms of policies and outlook.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 25, 2005

  Changes in the Indicator Properties of Narrow Monetary Aggregates

  Bank of Canada Review - Summer 2005 Tracy Chan, Ramdane Djoudad, Jackson Loi

  Although many countries have abandoned monetary targeting in recent decades, monetary aggregates are still useful indicators of future economic activity. Past research has shown that, compared with other monetary aggregates and expressed in real terms, net M1 and gross M1 have traditionally provided superior leading information for output growth.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Monetary aggregates, Monetary and financial indicators
• June 25, 2005

  Bank of Canada Review - Summer 2005

  

  Cover page

  African Marriage Money

  The metal marriage currencies pictured on the cover are part of the National Currency Collection, Bank of Canada.
  Photography by Gord Carter, Ottawa.

  Content Type(s): Publications, Bank of Canada Review
• June 23, 2005

  A Brief Survey of Risk-Appetite Indexes

  Financial System Review - June 2005 Mark Illing, Meyer Aaron

  Content Type(s): Publications, Financial System Review articles
• June 23, 2005

  Credit Default Swaps and the Canadian Context

  Financial System Review - June 2005 Christopher Reid

  Content Type(s): Publications, Financial System Review articles
• June 23, 2005

  Understanding the Benefits and Risks of Synthetic Collateralized Debt Obligations

  Financial System Review - June 2005 Jim Armstrong, John Kiff

  Content Type(s): Publications, Financial System Review articles